Answers
Answer:
An umbrella policy is the type of insurance that is made to additionally secure personal liability and it is necessary to have if the person is responsible for some damage made.
Explanation:
Umbrella policy not only covers the policyholder, but it also covers the members of his family. If you are responsible for the car accident, and your car is covered with the umbrella policy, they will be responsible for covering the medical expenses in case of someone getting hurt.
Related Questions
Describes a market structure with a single seller that produces goods with no close substitutes.
1. Monopoly
2. Oligopoly
3. Perfect Competition
Answers
Answer:
1. Monopoly
Explanation:
A monopoly is a market structure with one supplier selling to many buyers. In a monopoly, a single firm serves a large market with many buyers. There is no business competition in a monopoly market structure. The product or service sold by a monopoly has no close substitutes, which leaves consumers with no other alternatives.
A firm becomes a monopoly due to factors such as government policies, ownership of resources, copyrights, stringent licensing, and high start-up costs. These factors restrict other sellers from entering the market.
Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
March 1 Beginning inventory 20 $230 $4,600
March 5 Sale ($360 each) 15
March 9 Purchase 10 250 2,500
March 17 Sale ($410 each) 8
March 22 Purchase 10 260 2,600
March 27 Sale ($435 each) 12
March 30 Purchase 8 280 2,240
For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase.
Required:
a. Calculate ending inventory and cost of goods sold at March 31, 2015, using the specific identification method. The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes
from beginning inventory and eight bikes from the March 22 purchase.
b. Using FIFO, calculate ending inventory and cost of goods sold at March 31, 2015.
c. Using LIFO, calculate ending inventory and cost of goods sold at March 31, 2015.
d. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31, 2015.(Round your intermediate and final answers to 2 decimal places.)
e. Calculate sales revenue and gross profit under each of the four methods.
Answers
Answer:
Greg's Bicycle Shop
Ending Inventory:
a. Specific Identification:
Beginning inventory 1 * $230 = $230
March 9 purchase 2 * $250 = 500
March 22 purchase 2 * $260 = 520
March 30 Purchase 8 * $280 =2,240
Total value of inventory 13 units = $3,490
Cost of goods sold = Cost of goods available for sale Minus Ending Inventory
= $11,940 - $3,490
= $8,450
b. FIFO:
March 22 Purchase 5 260 1,300
March 30 Purchase 8 280 2,240
Ending Inventory 13 $3,540
Cost of goods sold = Goods available for sale Minus Ending Inventory
= $11,940 - $3,540
= $8,400
c. LIFO:
Ending Inventory:
March 1 Inventory 13 $230 $2,990
Cost of goods sold = Goods available for sale Minus Ending Inventory
= $11,940 - $2,990
= $8,950
d) Weighted -Average Cost:
Ending Inventory = $248.75 * 13 = $3,233.75
Cost of Goods Sold = $248.75 * 35 = $8,706.25
Specific FIFO LIFO Weighted
Identification Average
Sales $13,900 $13,900 $13,900 $13,900.00
Cost of goods sold 8,450 8,400 8,950 $8,706.25
Gross profit $5,450 $5,500 $4,950 $5,193.75
Explanation:
Dat and Calculations:
Shop uses periodic inventory system
Date Transactions Units Unit Cost Total Cost Total
March 1 Beginning inventory 20 $230 $4,600 Sales
March 5 Sale ($360 each) 15 $360 $5,400
March 9 Purchase 10 250 2,500
March 17 Sale ($410 each) 8 $410 $3,280
March 22 Purchase 10 260 2,600
March 27 Sale ($435 each) 12 $435 $5,220
March 30 Purchase 8 280 2,240
Total Goods available for sale 48 35 $11,940 $13,900
Ending Inventory = 13 (48 - 35)
Weighted average cost = Cost of goods available for sale/Units of Goods available for sale
= $11,940/48 = $248.75
Specific Identification:
March 5 sale 15 consists of bikes from 15 beginning inventory Bal 5 - 4 = 1
March 17 sale 8 consists of bikes from the March 9 purchase Bal = 2
March 27 sale 12 consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Bal = 2
Ending Inventory:
Specific Identification:
Beginning inventory 1 * $230 = $230
March 9 purchase 2 * $250 = 500
March 22 purchase 2 * $260 = 520
March 30 Purchase 8 * $280 =2,240
Total value of inventory 13 units = $3,490
FIFO:
March 22 Purchase 5 260 1,300
March 30 Purchase 8 280 2,240
Ending Inventory 13 $3,540
LIFO:
March 1 Beginning inventory 13 $230 $2,990
Weighted-Average Costs:
Ending Inventory = $248.75 * 13 = $3,233.75
Cost of Goods Sold = $248.75 * 35 = $8,706.25
Which of the following answers is a concept? . Firms b. Students c. Customer satisfaction O d . These are all examples of ' concepts ' .
Answers
COMO CREES QUE SE PODRIA SOLUCIONAR LA POBREZA ?? POR FAVOR DOY CORONA , Y CORAZON ( E QUE NO SEPA NO ESCRIBA ) :(
Answers
Answer:
tenga pa que se entretenga
Brent called insurance companies and got insurance quotes for the three trucks. Both the 1996 Ford F150 and the 1998 Chevy 1500 were quoted for $250 and the 2000 Toyota Tundra was quoted for $245. To help Brent make his decision gather some more reliable information by using newspapers, or looking at their Web sites, and reviewing consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and include the notes you take from each source.
Answers
Answer:
Website
Annual Reports
Magazines
Newspaper
Television Advertisement
Explanation:
The company website are the reliable source for the information. These websites include information about the specific product details. Brent can easily get access to details about product design, their specification and details. There can be other website which provide reviews of products. Brent can access those website to observe the reviews of the product but since the reliability of these website can be questioned so its better not to trust everything you read.
Answer:
According to www.fueleconomy.gov, cost thousands more in fuel costs over 5 years compared to the average new veichle. The Ford costs $9500 more with a $3650 annual fuel cost, the Toyota costs $7000 more with a $3150 annual fuel cost, and the Chevy costs $6000 more with a $2950 annual fuel cost. The Chevy has the cheapest fuel costs out of each veichle, and it also has the lowest gas mileage. The Ford uses 7.7 gal/100mi, the Toyota uses 6.7 gal/100mi, and the Chevy uses 6.2 gal/100mi. The Chevy also has the highest MPG of 16, while the Ford has an MPG of 13 and the Toyota with an MPG of 15. According to https://www.edmunds.com, The Ford is rating 4.4 stars out of 5, the Toyota is rated 4.5 stars, and the Chevy is rated 4.5 stars as well.
Explanation:
Procrastination is not usually a cause of stress and anxiety
Answers
Answer: Nahhh it isn't
Explanation: Im just lazy and dont pay attention in class
Hope u have a good day!
Stress and worry, persistent tension, sleep deprivation, as well as issues at work and in relationships, are all negative repercussions of procrastination. You continue to put off what you need to do while being aware that it isn't in your best advantage to do so.
What is Procrastination?Procrastination is the deliberate act of delaying or postponing something even though one is aware that doing so will have negative effects. It is frequently a common human behavior. It is a typical human experience to procrastinate on mundane tasks or even important ones like going to an appointment, turning in a report for work or school, or talking to a partner about a difficult subject.
Although it is frequently seen as a negative trait since it interferes with productivity and is frequently linked to sadness, low self-esteem, shame, and feelings of inadequacy, it can also be seen as a prudent response to specific demands that could have risky or unfavorable results or necessitate waiting for new information to come in.
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PLEASE HELP! URGENT!
What is the maturity date of a 186-day note dated July 22ND ?
Answers
Answer:
November 24, 2008
Explanation:
if this is helpful... give me brainliest (pls) when possible
consider a firm whose average cost curve as well as three possible firm demand curves (a, b, and c) are illustrated in the accompanying graph: price ($ per unit) quantity 0 200 400 600 800 1,000 1,200 1,400 1,600 0 1 2 3 4 5 6 7 8 average cost demand a demand b demand c a. determine which demand curve entails negative economic profits. move the point labeled demand a to identify this curve. if the firm faces demand a, in the long run, you would expect the number of firms in the market to . b. determine which demand curve entails positive economic profits. move the point labeled demand b to identify this curve. if the firm faces demand b, in the long run, you would expect the number of firms in the market to . c. determine which demand curve illustrates zero economic profits. move the point labeled demand c to identify this curve. if the firm faces demand c, in the long run, you would expect the number of firms in the market to
Answers
You would expect the number of firms in the market to decrease as firms exit the market due to negative economic profits.
If the company encounters demand curve b, companies will join the market enticed by positive economic profits in the long term.
Since enterprises are making no economic profit, you would anticipate the number of firms to stay the same.
What is the economic profit?a) To determine which demand curve entails negative economic profits, we need to find the point where the demand curve intersects the average cost curve. In the graph, the demand curve intersects the average cost curve at a price of approximately $1,000 and a quantity of approximately 3.5 units.
At this point, the firm is earning a price of $1,000 per unit but has average costs of $1,200 per unit, resulting in negative economic profits. In the long run, if the firm faces demand curve a, you would expect the number of firms in the market to decrease as firms exit the market due to negative economic profits.
b) To determine which demand curve entails positive economic profits, we need to find the point where the demand curve intersects the average cost curve. In the graph, demand curve b intersects the average cost curve at a price of approximately $1,400 and a quantity of approximately 5 units. At this point, the firm is earning a price of $1,400 per unit and has average costs of $1,000 per unit, resulting in positive economic profits.
In the long run, if the firm faces demand curve b, you would expect the number of firms in the market to increase as firms enter the market attracted by positive economic profits.
c) To determine which demand curve illustrates zero economic profits, we need to find the point where the demand curve intersects the average cost curve. In the graph, demand curve c intersects the average cost curve at a price of approximately $1,200 and a quantity of approximately 4.5 units. At this point, the firm is earning a price of $1,200 per unit and has average costs of $1,200 per unit, resulting in zero economic profits. In the long run, if the firm faces demand curve c, you would expect the number of firms in the market to remain unchanged as firms are earning zero economic profits.
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The following information was reported in the December 31, 2012, financial statements of Southeast Airlines, Inc. (listed alphabetically, amounts in millions)
Accounts Payable 4,460
Accounts Receivable 620
Aircraft Fuel Expense 9,100
Cash 3,010
Common Stock 1,240
Dividends 40
Equipment 14,850
Income Tax Expense 230
Interest Expense 170
Landing Fees Expense 3,500
Notes Payable 6,970
Repairs and Maintenance Expense 1,600
Retained Earnings (as of December 31, 2012) 6,510
Salaries and Wages 3,340
Expense Supplies 7000
Ticket Revenues 19,100
Prepare a balance sheet at December 31, 2012. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.)
Answers
Answer and Explanation:
The preparation of the balance sheet is presented below:
Airlines, Inc.
Balance sheet
For the year ended December 31,2012
Liabilities & Equity Amount Assets Amount
Accounts Payable $4,460 Accounts Receivable $620
Notes Payable $6,970 Cash $3,010
Common Stock $1,240 Equipment $14,850
Retained Earnings $6,510 Supplies $700
Total liabilities & equity $19,180 Total assets $19,180
what was the economic and managerial legacy of the industrial revolution? what were the challenges?
Answers
During the Industrial Revolution, an agrarian economy gave way to an industrial one in which machines as well as humans were used to make goods.
As a result, there was an increase in productivity and efficiency, a rise in the production of products and services, a decline in prices, greater incomes, and a migration of people from rural to urban areas.
The Industrial Revolution brought about significant changes in social and economic structure. Among these changes were a wider income distribution and an increase in international trade. Hierarchies in management also developed to regulate the division of labor.
Poor workers were occasionally confined in cramped, appallingly inadequate settings. Employees endured risky working conditions, including cramped offices with poor ventilation, injuries from machinery, and exposure to toxic substances.
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The Timberlake-Jackson Wardrobe Co. has 10.5 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,142.49, what is the YTM
Answers
Answer:
bébete la pastilla Randy jariel
When referring to the size and scope of business, which option should be included?
Wholesale vs. Retail
For-Profit vs. Nonprofit
Domestic vs. Global
Public vs. Private
Answers
interference from differences in personality or status is called
Answers
The interference of personality or status differences is called personality traits, that is, a way developed by psychologists to organize different personalities according to certain dimensions.
The Big Five Personality Traits
This is one of the most accepted approaches today, which divides the personality into the following traits:
Opening Conscientiousness Extroversion Agreeableness Neuroticism
Each of the traits encompasses different personality facets that help identify which one individual has more or less of compared to another individual.
Therefore, today's organizations need to understand the personality traits of their employees through testing and analysis, to better understand the motivation of each individual and create an organizational culture based on diversity and development.
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2. The European Union and the United States are trading partners. (a) If the current account balance is zero, will an increase in United States real income result in a current account surplus, deficit, or no change
Answers
Answer: Deficit
Explanation:
The current account shows the difference between imports and exports as well as net income from outside.
If this balance is zero, it means that imports are equal to exports and income sent abroad equals income recovered from abroad.
If real income in the US was to increase, people would demand more goods and services including more imports. This will shift the current account to a deficit as the imports will surpass the exports.
For each of the following separate situations, prepare he necessary accounting adjustments using the financial statement effects template.
a. Unrecorded depreciation on equipment is $610.
b. On the date for preparing financial statements, an estimated utilities expense of $390 has been incurred, but no utility bill has yet been received or paid.
c. On the first day of the current period, rent for four periods was paid and recorded as a $2,800 debit to Prepaid Rent and a $2,800 credit to Cash.
d. Nine months ago, The Hartford Financial Services Group sold a one-year policy to a customer and recorded the receipt of the premium by debiting Cash for $624 and crediting Contract Liabilities for $624.
e. At the end of the period, employee wages of $965 have been incurred but not yet paid or recorded.6. At the end of the period, $300 of interest income has been earned but not yet received or recorded.
Answers
Answer:
depreciation expense equipment 610 debit
accumulated depreciation equipment 610 credit
utilities expense 390 debit
utilities payable 390 credit
rent expense 700 debit
prepaid rent 700 credit
insurance expense 468 debit
prepaid insurance 468 credit
wages expense 965 debit
wages payables 965 credit
interest receivables 300 debit
interest revenue 300 credit
Explanation:
(C) rent calculations
2,800 --> four period of rent
2,800 / 4 = 700 per period
(D) insurance calculations
624 for the entire years
expired 9 months in this period
$624 x 9/12 = 468
Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
Answers
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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One of the errors supervisors/managers make about selecting reinforcers is an assumption that staff like what the supervisor likes. What are ways of assessing reinforcers for staff include:
Answers
The ways of assessing reinforcers for staff include
InterviewsDirect observationsTrials, etcWho is a Reinforcer?This is a person who attempts to strengthen certain behaviors among members of the staff and employees with the aim of getting them to keep doing such behaviors.
With this in mind, we can see that because supervisors make errors when selecting reinforcers by making an assumption that the staff likes what the supervisor likes, the ways of assessing reinforcers for staff includes the use of interviews, direct observations, trials, etc.
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Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis
offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering
Answers
A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.
What precisely is RFM examination (recency, recurrence, and money related)?RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.
What levels of clickstream investigation are there?Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.
Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.
tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clusteringLearn more about RFM analysis: https://brainly.com/question/28537349
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For most people, the standard of living that they will enjoy over their lifetimes depends largely on the total income that they earn. Income that you earn when someone pays you in the form of hourly wages, regular salaries or tips, or from running a business is known as earned income. Earned income accounts for the majority of total income that people receive.
Family income depends on both the number of family members who work and the amount of money that each is paid. Other sources of income are called unearned income. These may include money we make from collecting rents on property we own, income we receive in the form of interest and dividends from investments or non-salary payments received from the government We begin in this module with earned income since it accounts for almost all the income of young adults who have not yet accumulated the savings necessary to generate a lot of unearned income.
There are huge differences in the amount of money people are paid for their work in the United States. On the low end, some people work for the U.S. federal minimum wage, which in 2022 was $7.25 per hour, or $14,500 for a standard 2,000-hour year (40 hours per week for 50 weeks per year with 2 weeks off for vacation). At the high end, sports stars are paid as much as $25 million per year, which would come to $12,500 per hour if they worked 2,000 hours per year. Other high earners include movie and TV stars, top corporate executives, and surgeons.
Answers
The major source of money for the majority of people is earned income, which originates from hourly wages, tips, salaries and business returns.
What is the effect of the earnings?The amount of earnings accrued by family members can greatly impact a family's total compensation. Unearned revenue comes in many forms, such as government payments, interest, dividends and rent payments.
Unfortunately, wage discrepancies are wide-reaching in the United States, stretching from those earning the federally-mandated minimum wage of $7.25 an hour to superstars, executives and renowned personalities who earn multimillion-dollar salaries.
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Rachael works in a matrix organization, and although she found it confusing at first, she has seen the inherent opportunities. Instead of being promoted from biology head to research head, Rachael prefers a project career, with opportunities to serve in increasingly responsible and diverse project manager/project director positions. Fortunately, one of the strengths of a matrix organization is
Answers
The strengths of a matrix organization is more career choices on both sides of the organization.
What is a Matrix organization?This involves individuals reporting to more than one leader and the line of communication is usually unlimited and doesn't adhere to a singular line of command.
The roles are usually interchanged which is why she will benefit from the more career choices on both sides of the organization.
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Mindy is acknowledging the team members for their contribution to the project and making sure all contracts have been paid. She is in the _____.
project-execution phase
project-closure phase
project-planning phase
project-initiation phase
Answers
project-initation phase
Answer:
project-closure phase
When the price of cheeseburgers is equal to $6, the quantity demanded of cheeseburger is equal to 1,200 and the quantity supplied is equal to 700. The price per cheeseburger will...
A)remain constant because the market is in equilibrium.
B)decrease because there is an excess demand in the market.
C)increase because there is an excess demand in the market.
D)decrease because there is an excess supply in the market.
Answers
The quantity supplied of cheeseburger is less than the quantity demanded. Therefore, the price will C. increase because there is an excess demand in the market.
What is supply?Supply simply means the number or goods and services that a supplier is willing to sell at a particular price and time.
In this case, the quantity supplied of cheeseburger is less than the quantity demanded. Therefore, the price will increase.
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Even though money loses purchasing power during inflationary periods, people still choose to hold part of their wealth in the form of money because:
Answers
Answer:
Money is an asset with the characteristics of liquidity
Explanation:
people still choose to hold part of their wealth in the form of money because money has characteristics of liquidity, that is, as an asset money can easily be accessed. And during inflation when prices of commodities have skyrocketed, more money would be required for business transactions. Money can easily be exchanged while doing any form of transaction.
communication is tha
Answers
Answer:
key?
Explanation:
What measures should the business use to monitor its customer service performance?
Answers
Measuring customer satisfaction is hard. The most popular KPI for measuring customer satisfaction is the CSAT. With it, you directly ask your customers to rate their satisfaction with your business, product, or service. Your score is the average of all customer responses.
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 600 units at $10 on January 8, and (3) 930 units at $11 on January 29. Assume 1,130 units are on hand at the end of the month. Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)
Answers
Answer:
(a) FIFO
Cost of Goods Sold = $6,800
Ending Inventory = $12,230
(b) LIFO
Cost of Goods Sold = $7,400
Ending Inventory = $11,630
(c) weighted average cost
Cost of Goods Sold = $7,040
Ending Inventory = $11,990
Explanation:
Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.
FIFO
This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.
Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800
Ending Inventory = 200 x $10 + 930 x $11 = $12,230
LIFO
This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices and inventory valuation is based on earlier (old) prices.
Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400
Ending Inventory = 200 x $7 + 930 x $11 = $11,630
Weighted Average Cost Method
A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.
New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80
New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61
therefore,
Cost of Goods Sold = 800 x $8.80 = $7,040
Ending Inventory = 1,130 x $10.61 = $11,990
An application of the Law of Supply is,
Answers
Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.
Explanation:
Marico Company reported a net loss-AOCI in last year's balance sheet. Two events occurred during the current year related to that account.(1) The company revised its estimate of future salary levels causing its PBO estimate to decline by $13 million.
Answers
A projected benefit obligation (PBO) is an actuarial calculation of how much money a corporation will require now to satisfy future pension responsibilities.
This metric is used to calculate how much must be paid into a defined benefit pension plan to meet all pension entitlements earned by employees up to that point, adjusted for predicted future wage increases.
Event Account Titles and Explanations Debit Credit
A PBO $ 13
Gain- OCI $ 13
(to record the gain OCI)
B Loss- OCI[$30 (-) $25] $ 5
Plan asset $ 5
(To record the loss due to actual return)
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More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program
Answers
CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.
The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.
Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.
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Why do people typically purchase insurance policies?
A. They anticipate that they will never have to pay their deductibles.
B. They believe insurance policies will increase in value over time.
C. They calculate that their insurance premiums will be greater than
their benefits.
D. They would not be able to pay for major expenses without
insurance.
Answers
Answer:
D
Explanation:
Insurance is used too help pay for major expenses, so D should be the correct answer.
People purchase insurance policies because they can't be able to reimburse for major charges without insurance.
Option D is the correct answer.
What is an insurance policy?An insurance policy is a contract between the policyholder and the insurance company to provide indemnification from the risk as specified in the policy.
After purchasing insurance policies, an individual can easily pay for huge expenses which are not in their budget. In this, the money is paid by the insurance company and the individual pays premiums for that.
Therefore, the acquisition of insurance policies by the people for making payments for huge expenses.
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